SOVAPLASTICS: what changed
What changed
SOVAPLASTICS
NACE 22.210, Manufacture of rubber and plastic products
filed annual accounts (NBB)
Net result for the year
€30,263
2024 · €7,489+€22,775
Equity
€3.7m
2024 · €3.7m+€30,263
Cash
€656,612
2024 · €919,048-€262,436
Balance sheet total
€8.7m
2024 · €7.1m+€1.6m
Largest movements
Assets
- Tangible fixed assets +€908,075
up €908,075 (+59.1%), from €1.5m to €2.4m
of which Plant, machinery and equipment: +€912,409
- Receivables within one year +€377,390
up €377,390 (+19.3%), from €2.0m to €2.3m
of which Trade receivables: +€197,629
- Intangible fixed assets +€263,917
new in 2025: €263,917
- Cash -€262,436
down €262,436 (-28.6%), from €919,048 to €656,612
mainly Investment in fixed assets (net) (-€1.6m) and Receivables within one year (-€377,390)
- Stocks and contracts +€251,900
up €251,900 (+9.8%), from €2.6m to €2.8m
of which Contracts in progress: +€602,638
Equity and liabilities
- Debts after one year +€1.3m
up €1.3m (+192%), from €700,000 to €2.0m
- Current portion of long-term debt +€243,744
up €243,744 (+122%), from €200,000 to €443,744
- Other debts -€191,092
down €191,092 (-82.6%), from €231,352 to €40,260
- Trade debts +€122,160
up €122,160 (+6.1%), from €2.0m to €2.1m
Income statement
- Services and other goods +€570,146
up €570,146 (+16.3%), from €3.5m to €4.1m
- Goods and materials -€485,458
down €485,458 (-6.9%), from €7.0m to €6.5m
of which Purchases: -€751,453
- Turnover +€411,420
up €411,420 (+3.5%), from €11.9m to €12.3m
- Other operating income -€160,983
down €160,983 (-37.3%), from €431,691 to €270,708
- Depreciation +€152,166
up €152,166 (+61.9%), from €245,968 to €398,133
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,489
Turnover
+€411,420
Other operating income
-€160,983
Goods and materials
+€485,458
Services and other goods
-€570,146
Staff costs
-€74,726
Depreciation
-€152,166
Other operating charges
-€55,794
Other operating items
+€243,674
Financial income
-€87,468
Financial charges
-€17,463
Taxes
-€7,955
Deferred taxes and other
+€8,923
Result 2025
€30,263
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€247,419
Investment
-€1.6m
Financing
+€1.6m
Cash 2024
€919,048
From operations (derived)
-€247,419
Net result for the year
+€30,263
Depreciation
+€398,133
Stocks and contracts
-€251,900
Receivables within one year
-€377,390
Deferred charges and accrued income
-€18,284
Provisions
-€8,923
Trade debts
+€122,160
Tax, wage and social debts
+€49,255
Other debts
-€191,092
Accrued charges and deferred income
+€359
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
+€1.6m
Debts after one year
+€1.3m
Current portion of long-term debt
+€243,744
Cash 2025
€656,612
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,087,095 | €8,680,334 | +€1.6m | +22.5% |
| Fixed assets | 21/28 | €1,535,691 | €2,743,792 | +€1.2m | +78.7% |
| Intangible fixed assets | 21 | - | €263,917 | +€263,917 | |
| Tangible fixed assets | 22/27 | €1,535,691 | €2,443,766 | +€908,075 | +59.1% |
| Plant, machinery and equipment | 23 | €1,332,888 | €2,245,298 | +€912,409 | +68.5% |
| Furniture and vehicles | 24 | €202,803 | €198,468 | -€4,335 | -2.1% |
| Financial fixed assets | 28 | - | €36,109 | +€36,109 | |
| Other financial fixed assets | 284/8 | - | €36,109 | +€36,109 | |
| Amounts receivable and cash guarantees | 285/8 | - | €36,109 | +€36,109 | |
| Current assets | 29/58 | €5,551,404 | €5,936,542 | +€385,138 | +6.9% |
| Stocks and contracts in progress | 3 | €2,561,817 | €2,813,717 | +€251,900 | +9.8% |
| Stocks | 30/36 | €2,155,817 | €1,805,080 | -€350,737 | -16.3% |
| Goods purchased for resale | 34 | €2,155,817 | €1,805,080 | -€350,737 | -16.3% |
| Contracts in progress | 37 | €406,000 | €1,008,638 | +€602,638 | +148% |
| Amounts receivable within one year | 40/41 | €1,955,304 | €2,332,694 | +€377,390 | +19.3% |
| Trade receivables | 40 | €1,872,329 | €2,069,958 | +€197,629 | +10.6% |
| Other amounts receivable | 41 | €82,975 | €262,736 | +€179,761 | +217% |
| Cash at bank and in hand | 54/58 | €919,048 | €656,612 | -€262,436 | -28.6% |
| Deferred charges and accrued income | 490/1 | €115,235 | €133,519 | +€18,284 | +15.9% |
| Total equity and liabilities | 10/49 | €7,087,095 | €8,680,334 | +€1.6m | +22.5% |
| Equity | 10/15 | €3,683,498 | €3,713,762 | +€30,263 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,242,663 | €1,225,334 | -€17,329 | -1.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €899,941 | €882,612 | -€17,329 | -1.9% |
| Distributable reserves | 133 | €340,862 | €340,862 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,408,948 | €2,456,540 | +€47,592 | +2.0% |
| Investment grants | 15 | €13,287 | €13,287 | = | 0.0% |
| Provisions and deferred taxes | 16 | €22,899 | €13,976 | -€8,923 | -39.0% |
| Deferred taxes | 168 | €22,899 | €13,976 | -€8,923 | -39.0% |
| Amounts payable | 17/49 | €3,380,698 | €4,952,597 | +€1.6m | +46.5% |
| Amounts payable after more than one year | 17 | €700,000 | €2,047,473 | +€1.3m | +192% |
| Financial debts | 170/4 | €700,000 | €2,047,473 | +€1.3m | +192% |
| Credit institutions | 173 | €700,000 | €1,406,255 | +€706,256 | +101% |
| Other loans | 174 | - | €641,218 | +€641,218 | |
| Amounts payable within one year | 42/48 | €2,680,698 | €2,904,765 | +€224,067 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | €443,744 | +€243,744 | +122% |
| Trade debts | 44 | €1,994,385 | €2,116,544 | +€122,160 | +6.1% |
| Suppliers | 440/4 | €1,994,385 | €2,116,544 | +€122,160 | +6.1% |
| Taxes, remuneration and social security | 45 | €254,961 | €304,216 | +€49,255 | +19.3% |
| Taxes | 450/3 | €26,095 | €76,253 | +€50,159 | +192% |
| Remuneration and social security | 454/9 | €228,866 | €227,962 | -€904 | -0.4% |
| Other amounts payable | 47/48 | €231,352 | €40,260 | -€191,092 | -82.6% |
| Accrued charges and deferred income | 492/3 | - | €359 | +€359 | |
| Operating income | 70/76A | €12,730,607 | €13,224,719 | +€494,112 | +3.9% |
| Turnover | 70 | €11,892,916 | €12,304,337 | +€411,420 | +3.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €406,000 | €602,638 | +€196,638 | +48.4% |
| Own construction capitalised | 72 | - | €24,537 | +€24,537 | |
| Other operating income | 74 | €431,691 | €270,708 | -€160,983 | -37.3% |
| Non-recurring operating income | 76A | - | €22,500 | +€22,500 | |
| Operating charges | 60/66A | €12,709,490 | €13,076,864 | +€367,374 | +2.9% |
| Goods for resale, raw materials and consumables | 60 | €6,995,506 | €6,510,047 | -€485,458 | -6.9% |
| Purchases | 600/8 | €6,910,763 | €6,159,310 | -€751,453 | -10.9% |
| Change in stocks: decrease (increase) | 609 | €84,743 | €350,737 | +€265,994 | +314% |
| Services and other goods | 61 | €3,500,651 | €4,070,798 | +€570,146 | +16.3% |
| Remuneration, social security and pensions | 62 | €1,955,761 | €2,030,488 | +€74,726 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,968 | €398,133 | +€152,166 | +61.9% |
| Other operating charges | 640/8 | €11,604 | €67,398 | +€55,794 | +481% |
| Operating profit (loss) | 9901 | €21,117 | €147,855 | +€126,738 | +600% |
| Financial income | 75/76B | €95,858 | €8,390 | -€87,468 | -91.2% |
| Recurring financial income | 75 | €21,789 | €8,390 | -€13,399 | -61.5% |
| Other financial income | 752/9 | €21,789 | €8,390 | -€13,399 | -61.5% |
| Non-recurring financial income | 76B | €74,070 | - | -€74,070 | |
| Financial charges | 65/66B | €55,685 | €73,148 | +€17,463 | +31.4% |
| Recurring financial charges | 65 | €55,685 | €73,148 | +€17,463 | +31.4% |
| Debt charges | 650 | - | €52,940 | +€52,940 | |
| Other financial charges | 652/9 | €55,685 | €20,209 | -€35,476 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | €61,290 | €83,097 | +€21,807 | +35.6% |
| Transfer from deferred taxes | 780 | - | €8,923 | +€8,923 | |
| Income taxes | 67/77 | €53,802 | €61,757 | +€7,955 | +14.8% |
| Taxes | 670/3 | €53,802 | €61,757 | +€7,955 | +14.8% |
| Profit (loss) for the period | 9904 | €7,489 | €30,263 | +€22,775 | +304% |
| Transfer from tax-exempt reserves | 789 | - | €17,329 | +€17,329 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,489 | €47,592 | +€40,104 | +536% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.